Economics of climate policy and collective decision making

Article Article scientifique Article Economics of climate policy and collective decision making eng 2006 author Burgenmeier Beat 24783 author Baranzini Andrea 23393 author Ferrier Catherine 99199 author Germond-Duret Céline author Ingold Karin Miryam 511621 author Perret Sylvain 0009-0007-6228-2161 506914 author Rafaj Peter author Kypreos Socrates author Wokaun Alexander 143-162 10.1007/s10584-006-9147-x 0165-0009 http://link.springer.com/10.1007/s10584-006-9147-x This paper explores the reasons why economic instruments of climate change are reluctantly applied and stresses the need for interdisciplinary research linking economic theory and empirical testing to deliberative political procedures. It is divided in three parts. The first one recalls the main issues in implementing Cost-Benefit Analysis such as information problems, uncertainties, discounting the future and irreversibilities. The second part shows how these issues can be treated in integrated assessment and techno-economic models and presents a case study, which shows that: - The chosen scenario tends to stabilize atmospheric CO2concentration at around 550 ppm in the long run. - Exclusion of possibility to trade CO2 emission permits under a cap regime would increase the cost of emission abatement for OECD countries. - Combining different flexibility instruments might lead to significant gains in the overall cost of climate policy. The third part presents results of a survey conducted among the main economic and environmental associations in Switzerland. The survey reveals conflicting views on economic instruments. It shows how the social acceptability of these instruments can be improved in taking explicitly into account these opposing views of special interest groups. Therefore, policy scenarios should be selected in combining techno-economic models with empirical studies about their political and normative context. Economic instruments Climate change CO2 Interdisciplinary research Cost-benefit analysis Integrated assessment and techno-economic models Economic associations Environmental associations Acceptability Instrumental preferences Dewey 300 Dewey 333.7-333.9 Open Access - Licence nationale Springer Swiss National Science Foundation NCCR Climate CH 18 Institut des sciences de l'environnement 0DB 10 Faculté des sciences de la société T false 943 ISE Climat 945 ISE Energie 939 Pôle/Institut Gouvernance de l'environnement et développement territorial (PI-GEDT) Climatic change 79 1-2 c597a8b6-2366-4e96-a597-711560b13737 Article (Published version) Public Economics of climate policy and collective decision making.pdf 562943 application/pdf openAccess Centres et instituts / Institut des sciences de l'environnement Faculté des sciences de la société

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Ferrier, Catherine